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Trump's trade representative says tariffs 'bearing fruit'
The top US trade official on Tuesday defended President Donald Trump's sweeping tariffs on nearly every other nation, telling US senators almost 50 countries had reached out to make a deal. "Nearly 50 countries have approached me personally to discuss the president's new policy and explore how to achieve reciprocity," he told the Senate Finance Committee.
Shanghai's elderly investors keep faith despite stock market woes
A raucous group of elderly investors held court at a Shanghai securities company on Tuesday, chatting loudly about the stock prices flickering on LED boards as Chinese markets stutteringly recovered from the brutal day before. Shanghai advanced 1.6 percent on Tuesday.
Major trade wars since the 19th century
As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century: - 19th century Opium Wars - In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China against the British Empire.
Late Harrods owner 'ruined lives' of alleged victims: lawyer
Late Harrods owner 'ruined lives' of alleged victims: lawyer
World's 'exceptional' heat streak lengthens into March
Global temperatures hovered at historic highs in March, Europe's climate monitor said on Tuesday, prolonging an unprecedented heat streak that has pushed the bounds of scientific explanation. - Puzzling heat - The spectacular surge in global heat pushed 2023 and then 2024 to become the hottest years on record.
'Malignant stupidity', 'weak': Economists on Trump's tariffs
A wide range of economists are voicing alarm over US President Donald Trump's tariffs blitz, which has sparked a trade war that experts say could lead to a global recession. Here are comments from some leading economists: - 'Spectacle of failed policies' - Li Daokui, one of China's most influential economists, told AFP that Trump's tariffs mainly aim to "squeeze other countries" for concessions.
Myanmar garment manufacturers warn US tariffs imperil quake recovery
Myanmar's garment manufacturers have warned US tariffs threaten to hobble the country's recovery from a devastating earthquake, as the death toll rose to 3,600. The Myanmar Garment Manufacturers Association (MGMA) said the tariffs due to take effect from Wednesday were causing "considerable concern" in an industry employing more than 500,000 people, mostly young women.
Indonesia stocks plunge on Trump tariffs after weeklong break
Indonesian stocks tanked more than seven percent on Tuesday after a weeklong public holiday break, with trading briefly suspended at the open as uncertainty over US President Donald Trump's global tariffs roils markets.
Vietnam says to buy more US goods as it seeks tariff delay
Vietnam will buy more US goods including security and defence products, the government said, as it seeks a last-minute delay to enormous tariffs imposed by Washington. It would also "continue to buy more US products that are strong and Vietnam has demand for, including products related to security and defence; promote early delivery of aircraft trade contracts", the statement added.
AFP
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